Pictet Wealth Management returns to Chinese stocks after 18-month hiatus

HONG KONG : The wealth management arm of Swiss bank Pictet Group is buying Chinese equities again more than 18 months after it shunned the asset class, joining other foreign investors dipping back in as they bet on improving economic prospects and less regulatory intervention.

Pictet had moved out of Chinese equities in December 2020 because of rising uncertainties relating to slowing economic growth as well as a regulatory crackdown on the country's technology sector, Tavazzi said. Pictet's allocation to Chinese equities remain small so far, accounting for one quarter of exposure to emerging markets assets in managed portfolios, Tavazzi said. Chinese stocks have a weighting of around one third in the MSCI Emerging Market benchmark.

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Источник: ChannelNewsAsia - 🏆 6. / 66 Прочитайте больше »